Bank Holidays in May: 14 Days of Closure, 8 Days Without Banking Services Except Sundays and 2 Saturdays
In the month of May, banks across India will remain closed for business for a stretch of 14 days. Due to various reasons, banks in different locations will not operate for up to 8 days. Additionally, they will also be closed on 4 Sundays and 2 Saturdays.
The month will commence with a holiday on May 1st, observed as Maharashtra Day or Labour Day, affecting banking operations in cities like Belapur, Bengaluru, Chennai, Guwahati, Hyderabad, Kochi, Kolkata, Mumbai, Nagpur, Panaji, Patna, and Trivandrum. Furthermore, due to Lok Sabha elections, several states will witness bank closures for 3 days in May.
Banking Services Available Online
Even during bank holidays, you can continue to manage your finances through online banking and ATMs.
Whether it’s withdrawing money, transferring funds, or conducting other transactions, you can rely on these digital services without any impact from the bank closures.
Trading Suspended in Stock Market for 8 Days in May
In May 2024, trading in the stock market will be suspended for 8 days. No trading activities will take place in the share market for these consecutive 8 days.
Additionally, trading will also be halted on Saturdays and Sundays, totaling 6 days without any trading. Furthermore, the stock market will remain closed on May 1st for Maharashtra Day and on May 20th due to the Lok Sabha elections in Mumbai.
